By Real Estate NJ
Local officials in Eatontown have approved a zoning change that would allow the Kushner Cos. to move ahead with its sweeping mixed-use redevelopment of the Monmouth Mall.
A report by the Asbury Park Press said the borough council approved a modified plan that reduced the number of apartments and eliminated a hotel phase. The approval on Wednesday follows a contentious and controversial meeting in April, in which the council failed to pass a zoning change and caused a Kushner executive to walk out of the meeting.
At the time, the $500 million project appeared to be dead.
But Wednesday’s borough council meeting also included discussion of another massive redevelopment plan for a site just two miles away, according to the Press. A developer offered details of a plan for the shuttered Fort Monmouth site, showing a design that call for some 300 residences and high-end retail on an 89-acre tract.
For more, see Wednesday’s story by the Asbury Park Press.
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